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Task 3: Costs of productions Explain whether the following events will affect fixed costs or variable costs (make sure you justify your answer):
Task 3: Costs of productions
Explain whether the following events will affect fixed costs or variable costs (make sure you justify your answer):
- Samsung signs a new contract changing the price it pays for transistors that are used in its mobile phones.
- The federal government applies a levy per mobile phone provider of $1, 000, 000
- Samsung decides to increase the amount it spends on designing the next version of its mobile phone.